Internal Control Questionnaires and Verification Procedures

Other

  1. Does the board of directors receive regular reports on domestic and international division investment securities, which include:

    1. Valuations.

    2. Maturity distributions.

    3. Average yield.

    4. Reasons for holding and benefits received (international division and overseas holdings only).

  2. Are purchases, exchanges, and sales of securities and open contractual commitments ratified by action of the board of directors or its investment committee and thereby made a matter of record in the minutes?

Previous: Purchases, Sales, and Redemptions Next: Conclusion